Despite being in a bearish cycle this year, privacy coin Monero (XMR) is looking stronger on the demand front on a long-term basis.

According to MoneroBlocks.info, an XMR chain explorer, miners have already mined 16,644,199 units against the total supply of 18.4 million XMR. The unearthing is scheduled to continue until May 31, 2022, by when the entire XMR supply will come into circulation. It would also mark the beginning of a new supply period, managed at the rate of 0.3 XMR per minute, meaning Monero as a token would never run out of supply. Their whitepaper refers to this entire process as Tail Emission.